Closing Costs for Your Loan

"Closing Costs" are the fees that pay for the various services involved when you sell or buy a house. Sellers and buyers usually negotiate these closing costs. As you'll see below, many of the closing costs result from getting your mortgage. At Fund•Res Mortgage, we are closing cost experts with extensive mortgage closing experience.

Good Faith Estimate (GFE)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. It's important to note that while our GFEs are very precise, we can't always predict your closing costs to the penny. We will be glad to review the "Good Faith Estimate," answer your questions, and highlight costs that sometimes change slightly at closing.

Below is a  general list of costs for buying a home. We will always provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your  interest rate (optional) 
  • Appraisal Costs 
  • Credit Report 
  • Up-front Interest Payment 
  • Escrow Account 
  • Taxes
  • Loan-related costs 
Property Taxes
  • Recording Fees and Transfer Taxes 
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI) 
  • Title Insurance 
  • Flood or Quake Insurance 
We can answer your questions about these closing costs. Give us a call at 973.249.7878